I exclusively use non-majors as offerring someone something they can get from a local branch does not seem to add value. The small amount of business that I cannot write is not significant. I get competitive rates, lower fees, more flexibility for ongoing management of loan facilities and I do not have to worry about branches poaching my clients.

I use a mix. but have noticed a lot of the 2nd tier lenders have seemingly wound back much of their product differential. I now find I'm starting to use the majors more; as very few 2nd tier lenders offer a difference in the full doc range; and their paperwork seems now be more than the majors

I will use a non major where can , BUT LMI premiums ARE NOT consistent across the lenders , as a user of a very good Aggregator programme , we can compare and there is a marked difference in premiums contrary to the assertion in the article. Credit policy is another IE QBE will not do a property without town water , Genworth will do one, and so on . We need MORE competition in the LMI offering and a stop to differential premium pricing between lenders, at the moment the LMI underwriters are simply have a detrimental effect on the whole Home lending market.